.New Delhi: Former The Puma Corporation India-MD Abhishek Ganguly, who in 2013 got B2B sports shoes manufacturer Mochiko under his athleisure damage start-up Agilitas Athletics, plans to double Mochiko's creation capacity over the upcoming 3-4 years.Talking to ETRetail, Ganguly discussed that the company is creating a large facility for Mochiko in Noida which is actually expected to become functional in the upcoming 2 months, observed through another creation device in South India in the upcoming 6-8 months. "Presently, our team possess a yearly capacity of 9 lakh pairs and also employ 10,000 people. Our experts wish to multiply this in the upcoming 3-4 years," he claimed. Commenting on the investment, Ganguly included that the firm is going to commit Rs 300 - 400 crore in creating these capabilities." Our company are actually additionally constructing more efficiency in our methods. Our company are boosting our specialized capabilities and automation in creating methods. Our team are actually investing due to the fact that our experts can see the growth of the type and also the motion of producing to India." Started in 2008, the company makes footwear for worldwide companies like Adidas, The Puma Corporation, New Harmony, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks as well as United States Shirt. Mochiko will also manufacture footwear for the Italian label Lottery, for which Agilitas acquired the driver's licence previously this year.In FY23, Mochiko stated a revenue of Rs 640 crore. Ganguly shared that the business closed FY24 at Rs 730 - 740 crore income and gets on monitor to become a Rs 1,000 crore company by FY25.
Published On Sep 9, 2024 at 02:53 PM IST.
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